President Joe Biden has confirmed that Brian Deese, his top economic adviser, will be leaving the White House.

Deese, who has served as a senior advisor to the president since the beginning of the Biden administration, will be replaced by two key economic advisors: Janet Yellen, the former U.S. Treasury Secretary, and Jared Bernstein, a former economic advisor to Vice President Biden.

According to sources, Yellen and Bernstein are expected to be tapped to serve as the president’s top economic advisors. Yellen, who served as the first female Treasury Secretary under the Obama administration, is widely respected for her expertise in economic policy and her ability to craft effective fiscal strategies. Bernstein, a former chief economist to Vice President Biden, is also well-regarded for his extensive experience in economic policy.

Deese has served as a key economic advisor to Biden since the start of the administration, and his departure is seen as a major loss for the White House. Deese was instrumental in the development of the administration’s economic policies, including its ambitious plans to tackle the economic fallout of the coronavirus pandemic.

The White House has yet to officially announce Deese’s departure, but sources say it is expected to be announced soon.